“Leadership is unlocking people’s potential to become better.”
— Bill Bradley
Organizations are operating in a more complex and economically challenging environment than ever before. The skills of a successful leader in today’s business world are changing. Leaders across industries are revamping their goals. According to a Gartner survey, 60% of HR leaders’ top priority in 2022 is to build critical skills and competencies. Thus, there are key leadership development trends discussed in this blog that you should be concerned about to ensure progress.
As organizations move toward flatter organizational structures, they increasingly need leaders who can thrive in a dynamic, cross-functional environment. Flatter organizations typically have advantages including improved staff communication, increased employee morale, minimal bureaucracy, and the ability to make decisions and changes more rapidly. Employees often have substantially more responsibility in flatter organizations, which improves job satisfaction and reduces the need for excessive management.
Leaders learned during the pandemic that employee well-being and business outcomes are closely related. Burnout rates among all employees in the health sector and elsewhere surged because of the pandemic. Therefore, businesses are making investments in the well-being of their staff, which include:
• Wellness initiatives that encourage productive lifestyles
• Incentives that increase job satisfaction and employee retention
• Health coverage for their physical and mental health
Over the last few years, there has been high staff turnover and a gnawing hunger for high performers. The current scenario in several industries is defined by great resignation. With the abrupt move to remote work, many employees consider spending more time with their families instead of chasing due dates, but many employees who resigned were just dissatisfied with how their companies treated them. So, as a leader, consider how you govern business processes while retaining employees and responding to unforeseen events such as the pandemic emergency. It is your role as a leader to identify bottlenecks in communication, execution plans, and employee burnout, as well as the potential to applaud triumphs and teach new skill sets.
Leaders around the world have indeed recognized the benefits of having an inclusive and diverse workforce, as it improves business reputation and attracts talent eager for change and growth. According to Bloomberg’s 2022 Gender Equality Index, 72% of participating corporations had a corporate board role entirely dedicated to diversity and inclusion. Furthermore, 83% have a specific strategy for hiring women. Companies that have a working diversity and inclusion plan tend to perform better.
Authenticity in leadership is vital, and those that foster intelligent, open dialogue about pressing issues that affect their team will succeed. Authenticity enhances peer connections, job performance, leadership effectiveness, and a positive work environment. Authenticity begins at the top with good communication and feedback from the leadership.
Establishing an accountable culture requires strong leadership. As a result, businesses are spending money to train their corporate executives to have meaningful conversations with those higher and lower in the leadership hierarchy. Managers who lead by example by holding themselves and those on their team accountable to a measurable list of standards and values will establish a benchmark for others to follow.
Being a flexible leader is changing your leadership approach to fit various situations. to adapt your leadership style to the circumstances or surroundings:
· Acknowledge the need to modify your leadership approach.
· Make efforts to lead with a purpose.
· Make a strategy to guide your team through substantial challenges.
· As your team undergoes a shift, be careful to communicate with them explicitly.
· Determine whether the goals being created are reasonable by evaluating them.
· Delegate work among team members.
· Be open and honest about your stance
· Address issues as soon as they arise to provide training
· Evaluate what strategies need to be modified
· Hold yourself and the team accountable to encourage achieve goals
· Stay compassionate, leading with compassion to encourage employees.
Positivity is another quality of a good leader. Do not overstate or embellish, but people enjoy working for upbeat managers. Leaders need to respond effectively when complications start in even the most orderly organization. A terrific virtue to identify in a leader is optimism, which is a sign of tenacity.
Some traits that promote a more social structure entail:
• Conflict resolution
• Relationship development
• Interpersonal communication reverence
When an employee on their team is having performance challenges, an empathic leader considers their concerns, hopes, and objectives and steps forth to give assistance. Instead of constantly agreeing with others’ opinions, it’s vital to be open to understanding them.
The following actions can contribute to a more compassionate workplace:
• Regular check-ins
• Employee participation in decision-making
• Interest in the work of your employees
• Investment in team-building activities
• Fostering a culture of collaboration
Delegation is essential for boosting your employees’ morale and enabling them to feel like they are a part of the team and the company’s vision and goals. If you have faith in your employees to perform their duties, they will have faith in you to manage the vision and strategy.
The following are some helpful delegation techniques.
• Giving and accepting feedback from employees
• Offering employees the resources they need
• Reviewing strengths and flaws
• Clarifying objectives
• Setting wise goals
• Meeting deadlines
• Evaluating job performance
A visionary leader is driven to develop the organization and can see the broad picture. They keep the staff informed about the accomplishments and are not afraid to take risks if they are necessary for advancement. Below are a few examples of visionary skills:
• Set achievable goals
• Dedicated goal-driver
• Career oriented
• involvement and participation
• Be mindful of opportunities
• Exude optimism and motivation
“The challenge of leadership is to be strong, but not rude; be kind, but not weak; be bold, but not a bully; be thoughtful, but not lazy; be humble, but not timid; be proud, but not arrogant; have humor, but without folly.” – Jim Rohn –
Being a great leader is therefore not simple, but it is also not unrealistic.